216 Montgomery AveNew CastlePA16102
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in New Castle at 216 Montgomery Ave, New Castle, PA, 16102 at $150,000 posts ROI 20.42% with $21/mo cash flow from $1,004/mo rent. Total monthly income equals $1,004/mo, and annual cash flow records $255/yr on $49,725 to close. Return on cash invested measures 20.42% and rental yield reads 8.03% at the current $150,000. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 by year five. Five-year ROI prints 106.15% and total cumulative return in cash totals $52,782.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,004/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1960
1 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16102, New Castle, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,463 (100%) |
| Owner Occupied HU | 1,649 (67.0%) |
| Renter Occupied HU | 556 (22.6%) |
| Vacant Housing Units | 258 (10.5%) |
| Median Home Value | $157,935 |
| Average Home Value | $274,357 |
Housing Distribution
Address Breakdown
Residential
2,290
Single Family
2,242
Multi-Family
48
Businesses
103
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